The wealthy entrepreneur: I want to support millions of employees!.

Chapter 1055 The Urgency of Jiuxiang Foods' Expansion! The Stock Market Plunge!

His property was registered under the company's name and was originally intended as collateral.

Otherwise, he wouldn't have specifically chosen the most expensive houses; he would have chosen the ones he liked.

For company managers, a company with too low a debt ratio may actually appear unprofessional!

But there's nothing we can do about it; Su Yang has so much cash.
Su Yang has not injected any funds into Jintai Public Fund recently, so the company may indeed be short of funds.

Logically speaking, the company should be able to support itself with its current managed funds of over 7 billion yuan.

However, in order to attract and retain talent, Su Yang offered his employees relatively high salaries.

It's clearly a fourth-rate mutual fund, but it's offering salaries at the level of first- or second-rate mutual fund companies.

In addition, he hired too many people, and the company needed to develop, promote, and expand its scale... which led to a shortage of working capital for the company.

The company does have some funds in public funds products, but these "self-purchased funds" are promised to investors that they cannot be sold in the short term.

After the executive meeting of Yuanshi Investment ended, Su Yang thought for a moment and then dialed Tu Ziqiang's number again, asking him to find him a professional manager!
Recently, he has been looking for education experts, nutritionists, and nannies, and has started to worry about his child's education and upbringing... and he has begun to feel the burden.

At this point, he was starting to long for a professional butler!

He's now worth tens of billions, so he could easily hire an excellent housekeeper to help him handle some family-related matters.

After listening to Su Yang's request, Tu Ziqiang asked, "Boss, what level of salary can you offer?"

"As long as you're good enough, a million-dollar annual salary is acceptable!"

"I understand now!" Tu Ziqiang thought for a moment and said, "I'll try to help you pick out a few options within a week?"

"Row!"

On Monday, Su Yang convened a routine meeting with the subsidiaries.

At 9:30, he glanced at the stock market and saw that the Shanghai Composite Index had fallen by more than 4 points at the opening.

He estimated that many people would suffer heavy losses today!

At the meeting, Su Yang listened to reports from several subsidiaries, and most of them were good news.

The company's performance has been steadily increasing, and even if it hasn't increased, it can at least maintain its current level!

Su Yang stopped urging any company to continue its acquisitions and expansions, saying it was good for everyone to take a break for a while.
But Tan Yanghong also expressed a strong desire for expansion!
"Boss, our food company's production capacity may reach its peak in a few months. We need to hurry up and build a factory in another city. Even if we don't build a factory, we should consider finding a production base outside!" Tan Yanghong said to Su Yang seriously. "Also, Cai Zhenyu also hopes to invest in and build a factory in another city for Tiancheng Cola. Building a factory in another city will save us a lot of transportation costs and we can also get tax incentives!"

"can!"

Su Yang nodded, and couldn't help but smile!
Tan Yanghong is clamoring to expand!

In the past, he was the one who desperately expanded and frantically recruited people, while Tan Yanghong constantly complained... He was always looking pitiful like a little wife. Now, he's starting to take the initiative!

However, the fact that Jiuxiang Foods' production capacity had reached its peak was not unexpected for him.

Because employees work eight hours a day and there are only two shifts a day, the production capacity will definitely reach its peak much faster than that of food companies of the same size!
"There's also the issue of money. Our company's profits aren't high, so we really don't have much money!" Tan Yanghong added. "We either need to take out a loan or receive support from the company!"

"Okay! Let's do it as soon as possible!"

This is a very real problem, and Su Yang is well aware of it.

Despite its large size and status as a top-tier food company in the province, Jiuxiang Foods actually has very low profit margins, with labor costs accounting for the majority of its expenses, far exceeding those of ordinary food companies.

In addition, production is not continuous 24 hours a day, so the production equipment cannot be fully utilized, and the cheap industrial electricity available at night cannot be taken advantage of...

Excluding Tiancheng Cola and Youchong Baby from other regions, the combined annual profit of the other subsidiaries is less than 100 million yuan! "Good!" Seeing that the boss fully accepted his opinion, Tan Yanghong breathed a sigh of relief. "We have investigated various places and we have many plans. We will try to finalize them within this month."

"can!"

After the meeting and the coordination of resources, Su Yang gradually relaxed.

He took out his phone and glanced at the stock market; the index was still falling!
After telling Yu Chengjun that he was going to check out Yuanshi Private Equity, he left the office. As he passed other offices, he saw people sitting at their workstations, secretly checking their stock trading software during work hours.

The screen was a completely greenish color, like a vegetable garden; it looked pretty terrible!
However, Jufan Holdings' headquarters is not Yuanshi Investment, and their work is not in the securities industry. The headquarters also explicitly prohibits employees from trading stocks during work hours…

After thinking for a moment, he didn't say anything and went to Yuanshi Private Equity as planned.

Inside the Yuanshi Private Equity Center, the atmosphere was quite somber, with everyone looking serious and walking briskly.

The teams that worked on the Raw Stone Wealth No. 1 and No. 2 projects have already gone to sleep in their hotels.

Those still working during the day, besides the front-end developers, are only the employees who handle A-shares and Hong Kong stocks...

They're in big trouble today!

Even the two pretty receptionists became more reserved when they saw him coming!

"Give me a cup of black coffee, no sugar, instant is fine!"

"Good boss!"

Su Yang said with a smile, "Don't be so serious, there's no need!"

The receptionist whispered, "Doesn't the boss know the stock market has crashed?"

"Of course I know, but let it drop a bit!" Su Yang said nonchalantly. "Having worked in finance for so many years, what storms haven't I weathered?"

"The boss is really something!"

Amidst the praise from the two receptionists, Su Yang smiled and carried the coffee to Xiong Tianze's office.

"Mr. Xiong, how is it?"

"I didn't expect it to be this bad. It feels like the market is about to hit its daily limit down!" Xiong Tianze couldn't help but say. "The boss was really prescient. If he hadn't told us to prepare early and reduce our positions, we probably would have suffered heavy losses this time!"

"Don't praise me like that, I'll get arrogant!"

"I'm not just flattering you, boss!" Xiong Tianze said after a moment's thought. "But is it really likely to rise significantly?"

"Of course it will go up!" Su Yang took a sip of bitter coffee. "Otherwise, why would I have them gradually starting to buy at the bottom?"

"Ok!"

After spending half an hour at Yuanshi Private Equity, Su Yang checked on the work of several teams. They had been holding cash for several days and were now busy buying at the bottom!

Su Yang didn't disturb them. Seeing how seriously they were working, he left on his own.

At 3 PM, A-shares closed, while Hong Kong stocks continued to trade.

Su Yang had no desire to work anymore.

After all, today is the 7th, payday, and he's always too distracted to work at this time of month.

Feeling restless, he wandered around the company for a while. Then he noticed that the employee who had been looking at stocks earlier was still staring at the stock trading app on his phone at his workstation, holding his head in his hands and looking pained.

He frowned slightly, entered the office through the back door, came up behind Zuo Yaohui, and gently patted the other's shoulder... Zuo Yaohui was so startled that he trembled!
(End of this chapter)